Avnet director granted 29 phantom stock units
AVNET INC director Helmut Gassel received a small equity-based compensation award.
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Form Type
4
Rhea-AI Filing Summary
AVNET INC director Helmut Gassel received a small equity-based compensation award. He acquired 29 Phantom Stock Units (PSUs) credited from the company’s quarterly dividend, each representing one share of common stock. Following this grant, he holds 7,688 PSUs, which settle in common stock after he leaves the board or upon a change of control.
Insider Trade Summary
Grant/Award: 29 shares
Grant/Award
1 txn
Insider
GASSEL HELMUT
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 29 | $90.91 | $3K |
Holdings After Transaction:
Phantom Stock Units — 7,688 contracts (Direct)
Footnotes (2)
- F1. Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock and will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer.
- F2. Additional PSUs acquired as a result of the quarterly dividend.
Key Figures
Phantom Stock Units granted: 29 units
Unit reference price: $90.91 per unit
Total PSUs after grant: 7,688 units
+1 more
4 metrics
Phantom Stock Units granted
29 units
Dividend-equivalent grant on Phantom Stock Units
Unit reference price
$90.91 per unit
Reference value for newly granted PSUs
Total PSUs after grant
7,688 units
Helmut Gassel’s Phantom Stock Units following transaction
Underlying common stock per PSU
1 share per unit
Each Phantom Stock Unit equals one AVNET INC common share
Key Terms
Phantom Stock Units, change of control, quarterly dividend, grant, award, or other acquisition
4 terms
Phantom Stock Units financial
"Each Phantom Stock Unit ("PSU") equals one share of the Issuer's common stock"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
change of control financial
"will be settled in the Issuer's common stock after the reporting person leaves the Issuer's Board or upon change of control of the Issuer"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
quarterly dividend financial
"Additional PSUs acquired as a result of the quarterly dividend"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AVNET INC (AVT) report for Helmut Gassel?
AVNET INC reported that director Helmut Gassel received 29 Phantom Stock Units as a grant tied to the quarterly dividend. These units are part of his equity-based compensation and increase his total phantom unit holdings with the company.
What are Phantom Stock Units in the AVNET INC (AVT) Form 4 filing?
Phantom Stock Units are derivative awards that mirror AVNET INC common stock value. Each PSU equals one share of common stock and will be settled in actual shares when the director leaves the board or if a change of control occurs.
How many Phantom Stock Units does Helmut Gassel hold after this AVT transaction?
After this transaction, Helmut Gassel holds 7,688 Phantom Stock Units directly. This total includes the additional 29 units credited from the quarterly dividend, reflecting his accumulated equity-based compensation linked to AVNET INC common stock.
What was the size and nature of the latest AVNET INC (AVT) director award?
The latest award to director Helmut Gassel was 29 Phantom Stock Units, categorized as a grant or other acquisition. The units were acquired as additional PSUs resulting from AVNET INC’s quarterly dividend, not through an open-market stock purchase.
At what reference price were the new AVNET INC Phantom Stock Units recorded?
The 29 Phantom Stock Units were recorded at a reference value of $90.91 per unit. This figure reflects the price used for the award entry and helps quantify the notional value of the dividend-equivalent grant reported in the Form 4.
When will Helmut Gassel’s Phantom Stock Units in AVNET INC be settled?
Helmut Gassel’s Phantom Stock Units will be settled in AVNET INC common stock after he leaves the company’s board or upon a change of control. Until then, the units remain as deferred equity-based compensation tied to the share value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
